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Form FCGPR

Rashi Tiwari (Company Secretary) (131 Points)

16 November 2010

Dear All,

Can any one suggest me regarding procedure for filling of Form FCGPR in case of Bonus Issue.

There are so many doubts as in bonus issue there will be no inflow of funds. Do we need to provide any addition document also?

Thanks & Regards

Rashi Tiwari

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5 Replies

Ajay Mishra (Company Secretary) (74332 Points)
Replied 16 November 2010

In this reference please read Master Circular 2010 issued by Issued by RBI as on July 1, 2010.

Point no 13 of the said Master Circular.

Regards

Attached File : 58 master circular on foreign investment in india 2010.pdf downloaded: 474 times

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CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 16 November 2010

In this case you just need to file part A of form FCGPR for intimation of Allotment to NRIs. Form FCGPR is to be filed along with KYC and the portion of FIRC would be not applicable.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 16 November 2010

Form FCGPR is to be submitted to theRBI through Authorised Dealer Category I Bank. While forwarding the Form, the Authorised Dealer will enlcose KYC Report of the Foreign Investor. Along with Part A of FCGPR following documents is to be attached by the Company:-

(i) Certificate from the Company Secretary of the company certifying that:-

(a) all the requirements of the companies Act, 1956 have been complied with;

(b) terms and conditions of the government approval, if any, have been complied with;

(d) N.A.

(ii) Certificate form the CA:- Being Bonus issue this would be N.A.

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